ChoiceOne Financial Announces Cash Dividend

Rhea-AI Summary

ChoiceOne Financial Services, Inc. has declared a cash dividend of $0.25 per share on its common stock. This dividend is payable to shareholders on record as of June 15, 2022, with payments made on June 30, 2022. The dividend for Q2 2022 remains the same as Q1 2022, yet is $0.03 higher than the same period in 2021. Headquartered in Sparta, Michigan, ChoiceOne operates through its subsidiary, ChoiceOne Bank, and its common stock is traded on the NASDAQ under the symbol COFS.

Positive

• Dividend declared at $0.25 per share, consistent with Q1 2022.
• Dividend $0.03 higher than Q2 2021, indicating growth.

Negative

• None.

SPARTA, Mich., May 25, 2022 /PRNewswire/ -- ChoiceOne Financial Services, Inc. announced today that its Board of Directors has declared a cash dividend on the Corporation's common stock of $0.25 per share. The cash dividend is payable to shareholders of record as of June 15, 2022 and will be paid on June 30, 2022. The dividend declared for the second quarter of 2022 is equal to the dividend paid in the first quarter of 2022 and $0.03 higher than the dividend paid in the second quarter of 2021.  

ChoiceOne Financial Services, Inc. is a financial holding company headquartered in Sparta, Michigan and the parent corporation of ChoiceOne Bank, Member FDIC. ChoiceOne Bank operates 35 offices in parts of Kent, Lapeer, Macomb, Muskegon, Newaygo, Ottawa, and St. Clair Counties in Michigan.  ChoiceOne Bank offers insurance and investment products through its subsidiary, ChoiceOne Insurance Agencies, Inc. ChoiceOne Financial Services, Inc. common stock is quoted on the NASDAQ Capital Market under the symbol "COFS." For more information, please visit Investor Relations at ChoiceOne's website at www.choiceone.com.

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SOURCE ChoiceOne Financial Services, Inc.

FAQ

What is the dividend amount declared by COFS?

ChoiceOne Financial Services has declared a cash dividend of $0.25 per share.

When will the dividend be paid to shareholders of COFS?

The dividend will be paid on June 30, 2022, to shareholders of record as of June 15, 2022.

How does the Q2 2022 dividend compare to previous quarters for COFS?

The Q2 2022 dividend remains equal to Q1 2022 and is $0.03 higher than Q2 2021.

What is the stock symbol for ChoiceOne Financial Services?

The stock symbol for ChoiceOne Financial Services is COFS.